Fear of inflation has been on the rise ever since the Federal Reserve embarked on its “unconventional” policy path in the aftermath of the Global Financial Crisis. Well, it’s here now. The question is how will investors deal with it. The Fed is poised to hike rates, even amid rising global uncertainty. How will this dynamic impact asset allocation and total return? Martin Leibowitz, president of Advanced Portfolio Studies LLC, joins his longtime friend Rob Arnott of Research Affiliates to discuss a critical moment for financial markets and investors. Recorded on January 18, 2022.